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“No one is waiting for Washington to do anything remotely intelligent any more,” Katz says. "A small community foundation in this state has more discretion than a cabinet secretary.”
Mizuho Research Managing Director Richard Anderson says that many of the demographic and market trends working against senior housing now are set to pass.
The 10% stock market correction in January may be just the beginning, but stock market volatility could mean buying opportunities in commercial real estate.
Emerson Apartments, located at 1221 New Meister Ln., was sold pre-stabilized upon completion to a private buyer at an undisclosed sales price, in a transaction of benefit to the developer and buyer.